Regulatory Alerts2006-06-24
Law No. 06-11 of June 24, 2006, Relating to Venture Capital Companies
The President of the People's Democratic Republic of Algeria promulgated Law No. 06-11 to regulate the creation, operation, and supervision of venture capital companies (sociétés de capital investissement). The legislation establishes strict eligibility criteria for founders and directors, imposes limits on equity participation and borrowing, and defines the financial resources and tax exemptions applicable to these entities. Oversight is mandated by the Commission for the Organization and Supervision of Stock Market Operations (COSOB) and the Ministry of Finance to ensure compliance with legislative and regulatory standards.
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